All Forum Posts by: Kiefer Cheney

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I provide move-out instructions that spell out my expectations, including a small table of wear-and-tear items. A copy of these instructions will be included in the book I hope to publish this summer.

I allow a few small nail holes without charge because that is ordinary for any occupant. If they are large holes, or large in number, then I charge to fill the holes and touch up paint.

They failed to report the disposal. Even if it broke two days before they left, they could have left a note, emailed, texted, or called to report it. I would charge them a depreciated value for a replacement. A disposal could last ten years. If yours is five years old and a new one costs $160, then I would charge them 50% of the cost or $80. I would not charge install fee.

If you brought a bad deal because you brought on emotion, learn to take emotion out of the situation and research the numbers more to know what is a good deal and what isin't.

Look at the past sales(90 days) of the area that you are interested in buying.
Understand what is a good price per square foot and know what streets are good / bad.

The wealth in real estate are made when you buy and when you hold.
If you buy bad, it makes it a more difficult process.

Best of luck

 What's going on with the duplex?  Did you overpay or is it a tenant issue? 

Stay away from property management groups its a waste of money to market your property. I don't think they have the best interest of the Landlord. I'm in the process of looking for a property for a STR and property management groups and Realtors make it so hard for people interested in the property. That's why properties are sitting. I seen a property sitting for 45 days on zillow. Do you think the property management group even asked the landlord are they willing to STR? Good credit, good job history of 14yrs with the government. Post on FB Market place. What area is your rental? I'm searching Houston and San Antonio a

The area my rental is in is down town conroe tx 

Hello Kiefer,

Two weeks is not that long of a period, depending on the area, that may be lower than the average days on market around there.

Have you considered section 8 housing, that will open up a new group of tenants and may be paying a bit more? 

If it's giving you a hard time to find a tenant you may be overpricing the unit.

I hope you get it rented soon.